A Deed of Limited Liability Partnership (LLP) is a legal agreement that explains the rights, duties, and responsibilities of partners in an LLP. It provides information on the company’s name, goals, investment contribution, profit sharing ratio, management style, and policies for bringing on or firing partners. The deed includes the procedure for closing up the LLP and how disagreements will be settled. This document protects each partner’s interests and helps to guarantee smooth operations. For it to be lawful, all partners must sign it and register LLP with the appropriate authority.
